TORONTO, Nov. 29 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that
it has acquired common shares of Rival Energy Ltd. ("Rival Energy"). As a
result of the acquisition of such common shares, K2 owns 2,235,300 common
shares, representing approximately 10.0% of the issued and outstanding common
shares of Rival Energy.
The common shares were purchased by K2 on the TSX Venture Exchange. K2
acquired the securities for investment purposes only and may, depending on
market and other conditions, increase or decrease its beneficial ownership,
control or direction over, or exercise its current rights to acquire, common
shares or other securities of Rival Energy through market transactions,
private agreements or otherwise.
For further information:
For further information: Dan Gosselin, The K2 Principal Fund L.P., (416)